Thread: tsptalk's Market Talk

Originally Posted by tsptalk

It held as support yesterday, but if the futures hold where they are now (S&P down about 21.00)the SPX will open below it.

More fuel for the fire down...

https://thehill.com/policy/finance/4...mexico-tariffs

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S&P didn't quite fill that open gap from March. Is that yet to come today?

You won't see this on the S&P 500 chart, but the S&P futures were down sharply and filled a large open gap already. It may have been better to see similar action on the S&P to get some capitulation from "normal" investors, as opposed to futures traders.




S&P at the open...



Be wary of the strong open.

Originally Posted by tsptalk

You won't see this on the S&P 500 chart, but the S&P futures were down sharply and filled a large open gap already. It may have been better to see similar action on the S&P to get some capitulation from "normal" investors, as opposed to futures traders.

Be wary of the strong open.

That's better...

We're starting to see some puking indicators getting hit, especially on the Nasdaq 100 (NDX).

I wish there was a way to "Like" a post without actually liking the contents.
We need an "Appreciate the Info" button

Losing money is getting old!

Originally Posted by SoonerCaniac

I wish there was a way to "Like" a post without actually liking the contents.
We need an "Appreciate the Info" button

I know what you mean. I feel that way about that Celebrity RIP thread. Tough to like a death announcement, but appreciate the forum member letting us know.

On a day where every rally in the S&P and Nasdaq are being sold with large tech stocks being the drag, we are still seeing green in the small caps and Transports with an hour to go in the trading day.

New intraday lows are not a good sign in the S&P and I don't think the last hour will be too quiet. More likely either a melt down or big positive reversal, or both.

This big rally has the S&P already recapturing its 200-day EMA, which is big plus, but now it's testing other key resistance levels. 2800 has been a major pivot point, and the 2815 - 2820 level is next. The 100-day EMA is also near 2813.